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Investor Presentaiton

Competitive advantages Sector Weights breakdown of Spanish regions Wholesale & Retail Information & Communication CCAA Farming Industry Construction commerce. vehicle repairs. hospitality. transport. storage. activities Services Finance & Insurance Real Estate activities activities Technical & Scientific activities and auxiliary Public Administration. Defense. Social Art. Culture and Security. services Education. Healthcare and Social Services Entertainement. Total Services activities. Andalusia 8% 12% 7% 23% 2% 4% 13% 6% 22% 5% 74% Aragon 7% 21% 6% 21% 2% 4% 11% 6% 19% 4% 66% Asturias 1% 20% 7% 22% 4% 13% 7% 19% 5% 72% Balearic 1% 6% 8% 37% 2% 3% 15% 9% 15% 5% 86% Canary Islands 2% 6% 6% 35% 2% 3% 13% 8% 20% 6% 86% Cantabria 2% 22% 7% 21% 2% 3% 14% 6% 19% 5% 70% Castile and Leon 4% 20% 7% 20% 2% 4% 11% 6% 22% 4% 70% Castile La Mancha 10% 19% 7% 19% Catalonia 1% 19% 5% 25% Comunitat Valenciana 2% 19% 7% 25% Extremadura 10% 13% 7% 19% Galicia 5% 18% 7% 23% 2% Community of Madrid 0% 10% 5% 24% Murcia 6% 18% 6% 24% Navarre 4% 30% 6% 19% Basque Country 1% 24% 7% 21% Rioja 7% 26% 6% 19% Ceuta 0% 5% 5% 21% Melilla 0% 4% 6% 19% SPAIN 3% 16% 6% 24% ON ON ON ONE ON ON ON off of off 1% 3% 11% 4% 21% 5% 64% 3% 4% 12% 10% 15% 5% 74% 2% 4% 13% 7% 17% 5% 72% 1% 4% 11% 5% 26% 4% 70% 3% 10% 7% 19% 4% 69% 10% 6% 10% 15% 15% 5% 85% 1% 3% 10% 6% 20% 4% 69% 2% 3% 9% 7% 16% 4% 60% 3% 3% 11% 8% 17% 5% 68% 2% 4% 10% 5% 17% 4% 61% 1% 2% 10% 4% 47% 4% 89% 1% 2% 11% 5% 47% 4% 90% 4% 4% 12% 9% 18% 5% 75% Higher exposure than the average to the service sector (85%). Although the peculiarity of the crisis has had a greater impact on those regions with a greater weight in the tertiary sector, especially in tourism due to mobility restrictions, the good pace of vaccination could lead to higher potential growth and a stronger recovery. Less weight than average in construction; a very labor intensive sector and very sensitive in terms of unemployment rates in recessions and stress scenarios. Leader among other regions in activities that might actually have stronger recovery; information, communications, finance, IT, scientific activities, etc. 25 25
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